economics

The marginal productivity theory applies in a?

A. unionized labour market B. perfectly competitive market C. monopsonistic market only D. monopolistic market only Correct Answer: Option D…

4 years ago

The major problem of conducing a census in Nigeria is?

A. inadequate skilled personnel B. financial constraint C. urban congestion D. lack of political will Correct Answer: Option D -…

4 years ago

The term ‘OIL SHOCK’ is used to describe a situation in which?

A. the demand for oil exceeds its supply B. oil prices have fallen drastically C. the demand for oil is…

4 years ago

Minimum wage legislation will result in?

A. reduced income B. greater supply labour C. reduced labour productivity D. greater demand for labour Correct Answer: Option B…

4 years ago

A major factor militating against rapid industrialization in Nigeria is?

A. inadequate skilled manpower B. poor market facilities C. poor transport facilities D. epileptic power supply Correct Answer: Option D…

4 years ago

If children and the aged dominate the population of a country, this results in?

A. a reduction in the importation of capital goods B. a fall in the standard of living C. an increase…

4 years ago

The oil-producing area in Nigeria are agitating for special compensation owing mainly to?

A. the high level of poverty B. the high level of unemployment C. constant flooding D. environmental pollution Correct Answer:…

4 years ago

A major advantage of industrialization is that it?

A. leads to self-reliance B. curbs inflation C. leads to growth and development D. improves the terms of trade Correct…

4 years ago

Mobility of labour is higher when there?

A. is a monopoly of jobs in one location B. is intense competition for jobs in the same location C.…

4 years ago

The organization whose aim is to solve the trade problems of less developed nations is?

A. UNCTAD B. OECD C. UNECA D. WTO Correct Answer: Option A - UNCTAD

4 years ago